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Title insurance. Title insurance is a form of indemnity insurance, predominantly found in the United States and Canada, that insures against financial loss from defects in title to real property and from the invalidity or unenforceability of mortgage loans. Unlike some land registration systems in countries outside the United States, US states ...
Feudalism. v. t. e. Allodial title constitutes ownership of real property (land, buildings, and fixtures) that is independent of any superior landlord. Allodial title is related to the concept of land held in allodium, or land ownership by occupancy and defence of the land. Most property ownership in common law jurisdictions is fee simple.
Property law. The vast majority of states in the United States employ a system of recording legal instruments (otherwise known as deeds registration) that affect the title of real estate as the exclusive means for publicly documenting land titles and interests. The record title system differs significantly from land registration systems, such ...
Tax benefits. In 1998 the IRS issued Notice 98-45 which established the boundaries of the Former Indian Reservations in Oklahoma. For tax purposes, current and former lands owned by Indian tribes are treated as if they are an Indian reservation, regardless of current ownership. Approximately 2/3 of the State of Oklahoma is treated as if it were ...
So, a deed in lieu of foreclosure is the legal process in which the title of a home (the deed) is transferred from the homeowner to their mortgage lender to prevent (in lieu of) foreclosure. If ...
Gaps and gores. Gaps and gores are portions of land areas that do not conform to boundaries found in cadastre and other land surveys based upon imprecise measurements and other ambiguities of metes and bounds. A gap, also known as a hiatus, occurs where the descriptions in deeds describing adjacent properties (unintentionally) overlook a space ...
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